By Ka Kay Lum
The round also saw participation from Cerecin’s long-term investor, Inventages, the life sciences and healthcare-focused PE fund backed by Nestle Group.
Singapore-based Swiss-Asia Holding Pte, which previously marketed soccer-linked notes to clients, aims to raise $100 million.
Grab sees strategic partnerships as a key part of its strategy to build new business areas and deepen existing ones.
Advent Access is a spinoff from A*STAR. It raised a $1.9 million pre-Series A round led by Temasek unit Accuron MedTech last year.
“Essentially we will be investing millions of dollars into a couple of new managers from Southeast Asia. We are targeting to allocate (this) from the new $100-125 million fund – about 30 per cent to 40 per cent of this fund will be allocated to managers in South and Southeast Asia,” Dave Richards, Managing Partner, Capria, said in an interaction.
The acquisition adds to Mapletree’s current Europe and US investments in student accommodation, serviced apartments, commercial properties and data centres.
Singapore Inc announced around $91b of overseas deals this year through Sept, more than double for the same period of 2017.
The arrival of Go-Jek in Singapore is highly anticipated as it is expected to revive competition in a market where rival Grab currently holds an 80% market share.
Secen has spent close to 18 years at Macquarie working in their infrastructure funds and advisory businesses in Australia, Europe, Asia and North America.
The investors include OK Blockchain Capital, Krypital Group, Starwin Capital, Fenbushi Capital, LD Capital, Horman Capital, Collinstar Capital, Interblock Capital, JRR Crypto, Fly Fund and Qingzheng Capital.